{"id":37629,"date":"2023-08-18T09:07:38","date_gmt":"2023-08-18T09:07:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/08\/18\/cac-40-declines-on-interest-rate-fears\/"},"modified":"2023-08-18T09:07:38","modified_gmt":"2023-08-18T09:07:38","slug":"cac-40-declines-on-interest-rate-fears","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/08\/18\/cac-40-declines-on-interest-rate-fears\/","title":{"rendered":"CAC 40 Declines On Interest-rate Fears"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation. <\/p>\n<p>Worries surrounding the Chinese <span class=\"landLinks\">economy<\/span> also rattled investors. <\/p>\n<p>Concerns mounted about the country&#8217;s property sector after Evergrande, which has been working on a debt restructuring strategy for several months, filed for bankruptcy in New York.<\/p>\n<p>The benchmark CAC 40 was down 65 points, or 0.9 percent, at 7,126 after falling 0.9 percent the previous day.<\/p>\n<p>China-related stocks were losing ground, with LVMH, Hermes International and Kering falling 1-2 percent. <\/p>\n<p>Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>CAC 40 Declines On Interest-rate Fears<\/a><br \/>\n<br \/>2023-08-18 09:07:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation. Worries&#8230;<\/p>\n","protected":false},"author":2,"featured_media":37630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-37629","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=37629"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/37630"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=37629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=37629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=37629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}